Table of Content

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.4 REGIONS COVERED 15
1.4.1 YEARS CONSIDERED FOR THE STUDY 16
1.5 CURRENCY 17
1.6 UNIT CONSIDERED 17
1.7 LIMITATIONS 17
1.8 STAKEHOLDERS 17

2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 BREAKDOWN OF PRIMARY INTERVIEWS 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 24
2.4 ASSUMPTIONS 25

3 EXECUTIVE SUMMARY 26

4 PREMIUM INSIGHTS 29
4.1 ATTRACTIVE OPPORTUNITIES IN THE OPTICAL FILM MARKET 29
4.2 OPTICAL FILM MARKET, BY FILM TYPE 29
4.3 OPTICAL FILM MARKET SIZE, BY APPLICATION 30
4.4 OPTICAL FILM MARKET, BY APPLICATION AND COUNTRY 30
4.5 OPTICAL FILM MARKET: MAJOR COUNTRIES 31

5 MARKET OVERVIEW 32
5.1 INTRODUCTION 32
5.2 MARKET DYNAMICS 32
5.2.1 DRIVERS 33
5.2.1.1 Increasing demand for smartphones, tablets, and other similar consumer electronic devices 33
5.2.1.2 Construction and upgrading of new and existing display panel manufacturing plants in APAC 33
5.2.1.3 Ever-increasing average screen size and resolution of LCD television 33
5.2.1.4 Emerging display technologies?micro LED and true quantum dot 33
5.2.2 RESTRAINTS 34
5.2.2.1 Exclusivity and Intellectual Property (IP) protection of emerging
and advanced display materials 34
5.2.2.2 High volatility in prices of indium tin oxide 34
5.2.3 OPPORTUNITIES 34
5.2.3.1 Emerging use cases: smart display, smart mirror, and smart
home appliances 34
5.2.3.2 Continuous development of application products 34
5.2.4 CHALLENGES 35
5.2.4.1 Reducing demand for backlight unit films due to shift towards
the OLED technology 35
5.2.4.2 High prices of new and advanced materials 35
5.3 PORTER’S FIVE FORCES ANALYSIS 36
5.3.1 THREAT OF SUBSTITUTES 36
5.3.2 BARGAINING POWER OF SUPPLIERS 37
5.3.3 BARGAINING POWER OF BUYERS 37
5.3.4 THREAT OF NEW ENTRANTS 37
5.3.5 INTENSITY OF RIVALRY 37

6 OPTICAL FILM MARKET, BY FILM TYPE 38
6.1 INTRODUCTION 39
6.2 POLARIZING FILM 40
6.2.1 POLARIZING FILM IS EXPECTED TO HAVE HIGH DEMAND FROM
OLED SMARTPHONE DISPLAYS 40
6.3 BACKLIGHT UNIT FILM (BLU) 42
6.3.1 BACKLIGHT UNIT FILM IS EXPECTED TO HAVE HIGH DEMAND FROM
LARGE LCD TELEVISIONS 42
6.4 ITO FILM 43
6.4.1 GROWING DEMAND FOR TOUCH PANEL-BASED DISPLAYS IS DRIVING
THE DEMAND FOR ITO FILM 43

7 OPTICAL FILM MARKET, BY APPLICATION 45
7.1 INTRODUCTION 46
7.2 TELEVISION 47
7.2.1 10.5 GENERATION TELEVISION DISPLAY PANEL PRODUCTION LINES
IS DRIVING THE DEMAND FOR OPTICAL FILMS 47
7.3 DESKTOP MONITORS & LAPTOPS 49
7.3.1 APAC IS THE LARGEST OPTICAL FILM MARKET IN DESKTOP MONITOR
& LAPTOP APPLICATION 49
7.4 SMARTPHONES & TABLETS 50
7.4.1 HIGH DEMAND FROM CHINA AND INDIA IS DRIVING THE CONSUMPTION
OF OPTICAL FILM IN THE SMARTPHONE & TABLET APPLICATION 50
7.5 SIGNAGE/LARGE FORMAT DISPLAY 52
7.5.1 HIGH DEMAND FROM RETAIL, HOSPITALITY, AND ENTERTAINMENT INDUSTRIES IS DRIVING THE DEMAND FOR OPTICAL FILM 52
7.6 AUTOMOTIVE DISPLAY 53
7.6.1 INCREASING ADOPTION OF DISPLAYS IN CARS IS DRIVING THE DEMAND
OF OPTICAL FILMS IN AUTOMOTIVE DISPLAYS 53
7.7 OTHERS 55

8 OPTICAL FILM MARKET, BY REGION 56
8.1 INTRODUCTION 57
8.2 APAC 58
8.2.1 SOUTH KOREA 62
8.2.1.1 The country dominates the optical film market in the APAC region 62
8.2.2 CHINA 62
8.2.2.1 China is the fastest-growing market of optical film at the global level 62
8.2.3 JAPAN 62
8.2.3.1 High demand in the television application is driving
the market in Japan 62
8.2.4 TAIWAN 62
8.2.4.1 Television and smartphone applications are boosting the
demand for optical film in Taiwan 62
8.3 NORTH AMERICA 63
8.3.1 US 67
8.3.1.1 The US dominates the optical film market in North America 67
8.3.2 CANADA 67
8.3.2.1 Consumer, automotive, retail, medical, and industrial
sectors to be major users of optical film in Canada 67
8.4 EUROPE 68
8.4.1 UK 71
8.4.1.1 There is a high demand for polarizing and backlight unit
optical films in the UK 71
8.4.2 GERMANY 72
8.4.2.1 Germany is the second-largest manufacturer of optical film in Europe 72
8.4.3 FRANCE 72
8.4.3.1 The use of optical film for various applications in the consumer electronics industry is boosting the market growth 72
8.5 LATIN AMERICA 72
8.5.1 BRAZIL 75
8.5.1.1 Penetration of smartphones and other touch display devices
are expected to boost the demand for optical film 75
?
8.5.2 MEXICO 75
8.5.2.1 Rising exports of tablets and smartphones to the US is
expected to boost the demand for optical film 75
8.5.3 REST OF LATIN AMERICA 75
8.6 MEA 76
8.6.1 SOUTH AFRICA 78
8.6.1.1 Growing industrialization and urbanization is primarily
driving demand for optical film 78
8.6.2 SAUDI ARABIA 79
8.6.2.1 Increasing demand for electronic displays is expected to
drive the market 79
8.6.3 REST OF MEA 79

9 COMPETITIVE LANDSCAPE 80
9.1 INTRODUCTION 80
9.1.1 NEW PRODUCT DEVELOPMENTS 81
9.1.2 EXPANSIONS 81
9.2 MARKET RANKING 82
9.3 COMPETITIVE LEADERSHIP MAPPING, 2018 83
9.3.1 INTRODUCTION 83
9.3.2 VISIONARY LEADERS 83
9.3.3 DYNAMIC DIFFERENTIATORS 83
9.3.4 EMERGING COMPANIES 83
9.3.5 INNOVATORS 83
9.4 COMPETITIVE BENCHMARKING 85
9.4.1 STRENGTH OF PRODUCT PORTFOLIO 85
9.4.2 BUSINESS STRATEGY EXCELLENCE 86

10 COMPANY PROFILES 87
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
10.1 LG CHEM, LTD. 87
10.2 HYOSUNG CHEMICAL 90
10.3 TORAY INDUSTRIES INC 92
10.4 SUMITOMO CHEMICAL CO., LTD. 94
10.5 3M 96
10.6 ZEON CORPORATION 98
10.7 KOLON INDUSTRIES, INC. 100
10.8 SANRITZ CO., LTD. 102
10.9 NITTO DENKO CORPORATION 103
10.10 SAMSUNG SDI 104
?
10.11 OTHER COMPANIES 106
10.11.1 MITSUBISHI CHEMICAL CORPORATION 106
10.11.2 DEXERIALS CORPORATION 106
10.11.3 BENQ MATERIALS CORPORATION 106
10.11.4 SKC INC. 106
10.11.5 POLATECHNO CO., LTD. 106
10.11.6 SUNTECHOPT CORPORATION 106
10.11.7 CHENG MEI MATERIALS TECHNOLOGY CORP. 107
10.11.8 SHENZHEN SHENG WAVE OPTOELECTRONIC TECHNOLOGY CO., LTD. (SAPO) 107
10.11.9 TEIJIN LIMITED 107
10.11.10 TOYOBO CO. LTD. 107
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
11 APPENDIX 108
11.1 INSIGHTS FROM INDUSTRY EXPERTS 108
11.2 DISCUSSION GUIDE 108
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 110
11.4 AVAILABLE CUSTOMIZATIONS 112
11.5 RELATED REPORTS 112
11.6 AUTHOR DETAILS 113



List of Figures



FIGURE 1 OPTICAL FILM: MARKET SEGMENTATION 15
FIGURE 2 OPTICAL FILM MARKET: RESEARCH DESIGN 18
FIGURE 3 OPTICAL FILM MARKET: BOTTOM-UP APPROACH 22
FIGURE 4 OPTICAL FILM MARKET: TOP-DOWN APPROACH 23
FIGURE 5 TELEVISION DOMINATED OVERALL OPTICAL FILM MARKET 27
FIGURE 6 POLARIZING FILM DOMINATED THE OVERALL OPTICAL FILM MARKET 27
FIGURE 7 APAC TO BE FASTEST-GROWING MARKET OF OPTICAL FILM 28
FIGURE 8 INCREASING DISPLAY PANEL SIZES OF TELEVISION AND SMARTPHONES
TO DRIVE THE MARKET 29
FIGURE 9 ITO FILM TO BE FASTEST-GROWING OPTICAL FILM SEGMENT 29
FIGURE 10 TELEVISION TO BE THE LARGEST APPLICATION 30
FIGURE 11 SOUTH KOREA HAS THE LARGEST SHARE IN OPTICAL FILM MARKET 30
FIGURE 12 CHINA TO REGISTER HIGHEST CAGR IN OPTICAL FILM MARKET 31
FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND THREATS IN THE
OPTICAL FILM MARKET 32
FIGURE 14 OPTICAL FILMS MARKET: PORTER’S FIVE FORCES ANALYSIS 36
FIGURE 15 ITO FILM SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 39
FIGURE 16 APAC TO DRIVE THE POLARIZING FILM MARKET 40
FIGURE 17 APAC TO DRIVE THE BACKLIGHT UNIT FILM MARKET 42
FIGURE 18 APAC TO DRIVE THE ITO FILM MARKET 43
FIGURE 19 TELEVISION TO BE THE LEADING APPLICATION OF OPTICAL FILM MARKET 46
FIGURE 20 APAC TO BE THE BIGGEST MARKET OF OPTICAL FILM IN THE TELEVISION APPLICATION 48
FIGURE 21 APAC TO BE THE BIGGEST MARKET FOR OPTICAL FILM IN DESKTOP
MONITORS & LAPTOPS APPLICATION 49
FIGURE 22 APAC TO BE THE BIGGEST MARKET FOR OPTICAL FILM IN SMARTPHONE
& TABLET APPLICATION 51
FIGURE 23 APAC TO WITNESS HIGHEST CAGR IN SIGNAGE & LARGE FORMAT
DISPLAY APPLICATION 52
FIGURE 24 EUROPE TO BE THE BIGGEST MARKET FOR OPTICAL FILM IN
AUTOMOTIVE DISPLAY APPLICATION 53
FIGURE 25 CHINA TO BE THE FASTEST-GROWING OPTICAL FILM MARKET 57
FIGURE 26 APAC: OPTICAL FILM MARKET SNAPSHOT 58
FIGURE 27 NORTH AMERICA: OPTICAL FILM MARKET SNAPSHOT 63
FIGURE 28 EUROPE: OPTICAL FILM MARKET SNAPSHOT 68
FIGURE 29 BRAZIL TO LEAD THE OPTICAL FILM MARKET IN LATIN AMERICA 72
FIGURE 30 SOUTH AFRICA TO BE THE LARGEST OPTICAL FILM MARKET IN MEA 76
FIGURE 31 COMPANIES ADOPTED EXPANSION AS THE KEY GROWTH STRATEGY
BETWEEN 2014 AND 2018 80
FIGURE 32 OPTICAL FILM MARKET, COMPETITIVE LEADERSHIP MAPPING, 2018 84
FIGURE 33 LG CHEM, LTD.: COMPANY SNAPSHOT 87
FIGURE 34 HYOSUNG CHEMICAL: COMPANY SNAPSHOT 90
FIGURE 35 HYOSUNG CHEMICAL: SWOT ANALYSIS 91
FIGURE 36 TORAY INDUSTRIES INC: COMPANY SNAPSHOT 92
FIGURE 37 TORAY INDUSTRIES INC.: SWOT ANALYSIS 93
FIGURE 38 SUMITOMO CHEMICAL CO., LTD.: COMPANY SNAPSHOT 94
FIGURE 39 SUMITOMO CHEMICAL CO., LTD.: SWOT ANALYSIS 95
FIGURE 40 3M: COMPANY SNAPSHOT 96
FIGURE 41 3M: SWOT ANALYSIS 97
FIGURE 42 ZEON CORPORATION: COMPANY SNAPSHOT 98
FIGURE 43 KOLON INDUSTRIES, INC: COMPANY SNAPSHOT 100
FIGURE 44 SAMSUNG SDI: COMPANY SNAPSHOT 104

 

List of Tables



TABLE 1 OPTICAL FILM MARKET SIZE, 2017–2024 26
TABLE 2 OPTICAL FILM MARKET SIZE, BY FILM TYPE, 2017–2024 (MSQM) 39
TABLE 3 OPTICAL FILM MARKET SIZE, BY FILM TYPE, 2017–2024 (USD MILLION) 39
TABLE 4 POLARIZING FILM MARKET SIZE, BY REGION, 2017–2024 (MSQM) 41
TABLE 5 POLARIZING FILM MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 41
TABLE 6 BACKLIGHT UNIT FILM MARKET SIZE, BY REGION, 2017–2024 (MSQM) 42
TABLE 7 BACKLIGHT UNIT FILM MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 43
TABLE 8 ITO FILM MARKET SIZE, BY REGION, 2017–2024 (MSQM) 44
TABLE 9 ITO FILM MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 44
TABLE 10 OPTICAL FILM MARKET SIZE, BY APPLICATION, 2017–2024 (MSQM) 46
TABLE 11 OPTICAL FILM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 47
TABLE 12 OPTICAL FILM MARKET SIZE IN TELEVISION, BY REGION, 2017–2024 (MSQM) 48
TABLE 13 OPTICAL FILM MARKET SIZE IN TELEVISION, BY REGION 2017–2024, (USD MILLION) 48
TABLE 14 OPTICAL FILM MARKET SIZE IN DESKTOP MONITOR & LAPTOP, BY REGION 2017–2024 (MSQM) 49
TABLE 15 OPTICAL FILM MARKET SIZE IN DESKTOP MONITOR & LAPTOP, BY REGION 2017–2024, (USD MILLION) 50
TABLE 16 OPTICAL FILM MARKET SIZE IN SMARTPHONE & TABLET, BY REGION 2017–2024 (MSQM) 51
TABLE 17 OPTICAL FILM MARKET SIZE IN SMARTPHONE & TABLET, BY REGION 2017–2024, (USD MILLION) 51
TABLE 18 OPTICAL FILM MARKET SIZE IN SIGNAGE & LARGE FORMAT DISPLAY, BY REGION, 2017–2024 (MSQM) 52
TABLE 19 OPTICAL FILM MARKET SIZE IN SIGNAGE & LARGE FORMAT DISPLAY, BY REGION, 2017–2024, (USD MILLION) 53
TABLE 20 OPTICAL FILM MARKET SIZE IN AUTOMOTIVE DISPLAY, BY REGION 2017–2024 (MSQM) 54
TABLE 21 OPTICAL FILM MARKET SIZE IN AUTOMOTIVE DISPLAY, BY REGION 2017–2024, (USD MILLION) 54
TABLE 22 OPTICAL FILM MARKET SIZE IN OTHER APPLICATIONS, BY REGION 2017–2024 (MSQM) 55
TABLE 23 OPTICAL FILM MARKET SIZE IN OTHER APPLICATIONS, BY REGION 2017–2024, (USD MILLION) 55
TABLE 24 APAC: OPTICAL FILM MARKET SIZE, BY FILM TYPE, 2017–2024 (MSQM) 59
TABLE 25 APAC: OPTICAL FILM MARKET SIZE, BY FILM TYPE, 2017–2024 (USD MILLION) 59
TABLE 26 APAC: OPTICAL FILM MARKET SIZE, BY APPLICATION, 2017–2024 (MSQM) 59
TABLE 27 APAC: OPTICAL FILM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 60
TABLE 28 APAC: OPTICAL FILM MARKET SIZE, BY COUNTRY, 2017–2024 (MSQM) 60
TABLE 29 APAC: OPTICAL FILM MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION) 60
TABLE 30 SOUTH KOREA: OPTICAL FILM MARKET SIZE, COUNTRY, BY APPLICATION 2017–2024 (MSQM) 61
TABLE 31 SOUTH KOREA: OPTICAL FILM MARKET SIZE, COUNTRY, BY APPLICATION 2017–2024 (USD MILLION) 61
TABLE 32 NORTH AMERICA: OPTICAL FILM MARKET SIZE, BY FILM TYPE 2017–2024 (MSQM) 64
TABLE 33 NORTH AMERICA: OPTICAL FILM MARKET SIZE, BY FILM TYPE 2017–2024 (USD MILLION) 64
TABLE 34 NORTH AMERICA: OPTICAL FILM MARKET SIZE, BY APPLICATION 2017–2024 (MSQM) 64
TABLE 35 NORTH AMERICA: OPTICAL FILM MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 65
TABLE 36 NORTH AMERICA: OPTICAL FILM MARKET SIZE, BY COUNTRY, 2017–2024 (MSQM) 65
TABLE 37 NORTH AMERICA: OPTICAL FILM MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 65
TABLE 38 US: OPTICAL FILM MARKET SIZE, COUNTRY, BY APPLICATION, 2017–2024 (MSQM) 66
TABLE 39 US.: OPTICAL FILM MARKET SIZE, COUNTRY, BY APPLICATION 2017–2024 (USD MILLION) 66
TABLE 40 EUROPE: OPTICAL FILM MARKET SIZE, BY FILM TYPE, 2017–2024 (MSQM) 69
TABLE 41 EUROPE: OPTICAL FILM MARKET SIZE, BY FILM TYPE, 2017–2024 (USD MILLION) 69
TABLE 42 EUROPE: OPTICAL FILM MARKET SIZE, BY APPLICATION, 2017–2024 (MSQM) 69
TABLE 43 EUROPE: OPTICAL FILM MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 70
TABLE 44 EUROPE: OPTICAL FILM MARKET SIZE, BY COUNTRY, 2016–2023 (MSQM) 70
TABLE 45 EUROPE: OPTICAL FILM MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION) 70
TABLE 46 UK: OPTICAL FILM MARKET SIZE, BY APPLICATION, 2017–2024 (MSQM) 71
TABLE 47 UK: OPTICAL FILM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 71
TABLE 48 LATIN AMERICA: OPTICAL FILM MARKET SIZE, BY FILM TYPE, 2017–2024 (MSQM) 73
TABLE 49 LATIN AMERICA: OPTICAL FILM MARKET SIZE, BY FILM TYPE 2017–2024 (USD MILLION) 73
TABLE 50 LATIN AMERICA: OPTICAL FILM MARKET SIZE, BY APPLICATION 2017–2024 (MSQM) 73
TABLE 51 LATIN AMERICA: OPTICAL FILM MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 74
TABLE 52 LATIN AMERICA: OPTICAL FILM MARKET SIZE, BY COUNTRY, 2017–2024 (MSQM) 74
TABLE 53 LATIN AMERICA: OPTICAL FILM MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 74
TABLE 54 MEA: OPTICAL FILM MARKET SIZE, BY FILM TYPE, 2017–2024 (MSQM) 76
TABLE 55 MEA: OPTICAL FILM MARKET SIZE, BY FILM TYPE, 2017–2024 (USD MILLION) 76
TABLE 56 MEA: OPTICAL FILM MARKET SIZE, BY APPLICATION, 2017–2024 (MSQM) 77
TABLE 57 MEA: OPTICAL FILM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 77
TABLE 58 MEA: OPTICAL FILM MARKET SIZE, BY COUNTRY, 2017–2024 (MSQM) 77
TABLE 59 MEA: OPTICAL FILM MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION) 78
TABLE 60 NEW PRODUCT DEVELOPMENTS, 2014–2018 81
TABLE 61 EXPANSIONS, 2014–2018 81
TABLE 62 MARKET RANKING OF KEY PLAYERS, 2018 82